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Forced applause usually follows a regulator’s remarks to the regulated. Not so inside the pink stucco walls of the Boca Raton Resort and Club in Florida this week. Chris Giancarlo of the Commodity Futures Trading Commission received a standing ovation when he spoke to hundreds of traders, brokers and exchange executives.  The enthusiastic response reflects hopes in the derivatives industry for a better relationship with the CFTC, its principal […]

MANILA, Philippines – An official of the Department of Labor and Employment (DOLE) shrugged off yesterday the Employers’ Confederation of the Philippines’ warning that Department Order No. 174 would lead to massive displacement of workers. But aside from employers’ groups, more labor organizations have questioned DOLE’s new policy on contracting and subcontracting and urged President Duterte to reject it. In a statement, DOLE Undersecretary Bernard Olalia noted […]

Apple, Huawei, LG, Samsung, Sony lead the way as retail extravaganza prepares to open its doors to thousands of visitors in Dubai Global smartphone revenues continue to grow; 97% of UAE users reliant on WhatsApp for communication 18 March 2017 Dubai, United Arab Emirates – Thinner, faster and even more intelligent than we could have imagined, smartphones are back with a bang this year and leading […]

Finance ministers from the world’s biggest economies have dropped pledges to renounce protectionism in a meeting marked by tension over trade between the US and China. G20 finance ministers meeting in the German resort town of Baden-Baden noted the importance of trade to the global economy, but dropped tougher language from last year that vowed to “resist all forms of protectionism”. We have reached an impasse The […]

● Areas along the Green Line provide residents with the most affordable one-bedroom options, starting at an average of AED 55,000 a year in Hor El Anz ● Al Barsha and Karama receive a large volume of searches last year, with 49 million and 22 million searches respectively, highlighting demand for properties in close proximity to the popular public transport means 18 March 2017 Dubai – […]

Foreign investment capital has surged into Chinese domestic bonds over the past year, intensifying pressure for the inclusion of China’s $9.3tn bond market in dominant market indices that direct some of the world’s biggest fund flows, fund managers and analysts said. A year since China took meaningful steps to further open its bond market to international capital, inflows from foreign institutions rose 53 per cent to Rmb732bn […]

The Partnership for Open & Fair Skies, a coalition of top US airlines and unions, has sent an open letter to President Donald Trump, urging action to address alleged trade violations by the UAE and Qatar The letter, which has been published in the New York Times and the New York Post, claims that the emergence of Emirates, Etihad Airways and Qatar Airways on US routes threaten […]

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By Caroline Valetkevitch | NEW YORK NEW YORK Small-cap stocks benefited from a dovish lining to the U.S. Federal Reserve’s decision to raise interest rates this past week, but strategists warn it will take more to make these pricey stocks outperform their larger brethren in the long haul. The Fed on Wednesday raised rates by a quarter of a percentage point, as expected, but did not flag […]

Beijing, China – 16 March 2017 On the sidelines of King Salman bin Abdulaziz visit to China and during the 2017 ‘Saudi-China Investment Forum’, Huawei Tech. Investment Saudi Arabia and Royal Commission for Jubail and Yanbu have signed a milestone agreement to establish a training academy and a smart city innovation center in Yanbu, Saudi Arabia, accelerating smart city deployment in line with the Kingdom’s Vision 2030. […]

Despite another turbulent few days in British politics, the pound is ending the week on a firmer footing. Sterling brushed off the latest bout of Brexit nerves and further worries about a break-up of the UK, closing near $1.24 on Friday. Its revival was aided by a dovish Federal Reserve and a hawkish Bank of England. However, there are still plenty of currency-watchers who see further trouble […]

BEIJING China will begin preparatory work this year for an environmental monitoring station on Scarborough Shoal in the South China Sea, an official said, as two U.S. senators introduced a bill to impose sanctions on its activities in the disputed waterway. China seized the strategic shoal, which is also claimed by the Philippines, in 2012 and the United States has warned Beijing against carrying out the same […]

Mulesoft, a software “unicorn”, gained 46 per cent in its trading debut in New York on Friday, the latest in a number of hot listings that are reviving the US market for initial public offerings. Mulesoft rose to $24.75 after pricing at $17, giving the IPO the best first-day “pop” this year, according to Dealogic. The performance follows recent first-day gains from Canada Goose, the maker of […]

16 March 2017 The Arab Strategy Forum (ASF) has predicted six political and economic ‘Grey Swan’ events that have a high likelihood of occurring in 2017, said Director of the Forum, Suha Al Aleeli. The forum’s latest report, Al Aleeli added, establishes a scientific account of six unexpected events that could take place this year. The author outlines consequences of these events and their potential regional and […]

By Jeff Mason and Andreas Rinke | WASHINGTON WASHINGTON President Donald Trump reiterated his strong support for NATO on Friday and pressed German Chancellor Angela Merkel to meet NATO’s military spending target, in the first face-to-face meeting between the two leaders. The meeting between the leader of Europe’s largest economy and the U.S. president was billed as one that could help determine the future of the transatlantic […]

ABU DHABI // The UAE and Brazil signed three accords during Sheikh Abdullah bin Zayed’s state visit to South American country on Thursday. Two agreements – one on air transport service and another on visa wavers for holders of ordinary passports – as well as one on reciprocal visa exemption for holders of diplomatic, special, official and service passports were signed by the Minister of Foreign Affairs […]

Markets do not have a clue how to handle political populism. They are still frightened of it, even though last year’s populist earthquakes in the UK and US are yet to have the drastic consequences that had been feared, and they cannot gauge its chances of success. This might yet create opportunities for those who can stomach some risk. This was a great week for European stocks, […]

Friday 13:30 GMT What you need to know ● Dollar index nudges up after hitting five-week low● Short term US bond yields inch higher● Global stocks at record as Wall St gains ground● Oil prices firmer after volatile week● Gold advances towards $1,230 an ounce——————- Hot topic Has the buck bounce run its course? The dollar index (DXY) — a measure of the greenback against a basket […]

Bahrain’s tourism industry is growing rapidly and is expected to reach $1 billion by 2020, according to figures released ahead of Arabian Travel Market 2017. Bahrain witnessed an 8.4 percent increase in inbound traffic in the third quarter of 2016 and a peak of 1.4 million arrivals during the month of August, a statement said. It added that the Gulf kingdom expects to welcome 15.8 million annual […]

Your daily guide to community and cultural activities across the Emirates for March 16, 2017, including performances, festivals, art exhibitions, film creenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Horse show Book […]

Saudi Arabia’s push to boost political and trade ties with the Maldives faces growing resistance as activists in the archipelago oppose plans for an ambitious development project funded by the kingdom. King Salman bin Abdulaziz, who is on a month-long tour of Asia as Saudi Arabia seeks to deepen alliances with predominantly Muslim states in the region, is due to visit the Indian Ocean nation at the […]

The parkas that have made it to the top of Mount Everest and the cover of Sports Illustrated’s swimsuit edition have found their way to Wall Street. Shares of Canada Goose, the maker of down winter coats with coyote fur trim and a circle patch logo, soared in their New York debut on Thursday, rising 26 per cent to $16.08 after pricing at $12.78 a piece, above […]

Authored by Michael Jabara Carley via The Strategic Culture Foundation, On 10 January 2017 Canadian Prime Minister Justin Trudeau fired his minister of external affairs, Stéphane Dion, and replaced him with Chrystia Freeland, who was then minister of international trade. This cabinet shuffle might not have gotten much public notice except that Dion is a distinguished parliamentarian, former leader of the party and leader of the opposition, […]

William “Billy” Walters’ stomach for taking risky bets and reading “tells” of opponents made him one of the most successful sports gamblers of all time. It is the same strategy he used to invest in the stock market, his lawyer told a jury as opening statements began in his $40m insider trading trial. Prosecutors have accused Mr Walters of making over $30m in profits and avoiding $10m […]

Retail stocks were once again heading straight for the discount bin on Wednesday. Struggling department store operator Macy’s was the day’s biggest decliner on the S&P 500, dropping 2 per cent to $30.32 following news that one-time suitor Hudson’s Bay now has its eyes on upmarket retailer Neiman Marcus instead. Shares in Macy’s, which have been languishing at six-year lows amid falling sales and profits, had rallied […]

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